Chloe Capital announces a new partnership for people around the world to #InvestInWomen using philanthropic capital. N.A.bld launches exciting partnership with Shopify. And in collaboration with Black Women TalkTech, Elisa Miller-Out releases a new report about the work Black women do. Learn more in this edition of #InvestInWomen >
More than a VC firm – Chloe Capital is a Movement. Our mission is to decrease the gender gap in entrepreneurship and venture capital. We’re leading by example in partnership with ECMC Foundation to invest $1.25 million in female founders around the world. Congratulations to Jamee Herbert, Co-founder / CEO of BridgeCare for receiving Chloe Capital’s latest investment. Jamee received this opportunity for Rising Up during COVID-19 to help essential workers find and afford childcare. Learn more in this edition of #InvestInWomen >
NEW YORK, NY – In partnership with ECMC Foundation, Chloe Capital’s Invest in Women Tour has successfully rallied the masses once again in support of women defining the Future of Work & Education. In the last six months, ECMC Foundation and Chloe Capital have deployed over $1.25 million to female founders around the world.
Jessica Haselton, ECMC Foundation director of program-related investments, reports, “The impact we’ve made for women entrepreneurs has been phenomenal. I’m thrilled to be a part of this effort to make venture capital accessible to often overlooked communities and founders.” In addition, ECMC Foundation has provided ~$2M in rapid response grants to organizations affected by the pandemic and has helped catalyze another ~$4M in grants to provide emergency aid to college students in crisis.
With only two percent of all venture capital going to female founders, the need to unite investors, entrepreneurs, and community members to Invest in Women did not stop at the onset of the pandemic. The decision to create a virtual experience became concrete as government leaders began issuing stay-at-home orders.
Kathryn Cartini, Chloe Capital partner explains, “We traveled to Los Angeles in December, made a stop in New Orleans in February, and we were just about to take off for Charlotte when the pandemic hit. While we were saddened, this is no time to let funding for women fall to the wayside. Instead, we converted our program online, and more than 600 people from around the world joined us. That’s the Movement in action.”
After reviewing each company’s investment potential in the months leading up to the program, five founders were selected to participate in the 24-hour virtual experience, designed to connect female founders with active investors. Each Chloe Capital program ends with a “Shark Tank”-style pitch event. Community members are invited to join the Movement to Invest In Women by sharing resources and connections.
Janna Westbrook, co-founder and CEO of Provider Pool, recently received a portion of the $1.25M in investment opportunities from both Chloe Capital and ECMC Foundation. Westbrook gave the opening remarks during the virtual program, providing inspiration to all. Provider Pool works on the frontlines against COVID-19 by connecting healthcare organizations to nurses. “Work and the workforce are changing right now before our eyes. This is an opportune time to focus on education in the workforce. To the founders, pitch your company from a place of victory, understanding that you’ve already won. And good luck.”
At a time when companies like Provider Pool are responding to urgent needs created by the COVID-19 crisis, funding opportunities for women entrepreneurs will help scale needed solutions to meet new demands.
Elisa Miller-Out, Chloe Capital managing partner shares why investing in women makes sense for investors, especially now. “Women leaders are used to overcoming bias, they’re over-prepared, and often held to a higher standard than male founders. In these difficult times, we’re seeing the women of the Chloe Capital portfolio rise up and lead the way forward through crisis.”
The five founders selected to participate in our virtual program are shining examples of this. Each has seen an incredible increase in demand for their solutions to some of the most urgent Workforce and Education needs in the world today, including childcare and student retention.
Congratulations to BridgeCare’s Jamee Herbert, CEO and co-founder, and JC Kirst, CTO and co-founder, who received a $100,000 investment from Chloe Capital. BridgeCare makes it easy for working parents to find and afford the quality child care that every family deserves.
ECMC Foundation welcomes EdSights co-founders and sisters, Claudia and Carolina Recchi to its portfolio with a $150,000 investment opportunity. EdSights, a conversational AI to solve the college dropout crisis, produces some of the most profound retention outcomes in the student success space.
Paul Singh, ECMC board member and Rezon8 Capital managing director, also extended an impact investment of $25,000 to Amanda DoAmaral, founder and CEO of Fiveable. Fiveable is a social learning platform for students and teachers to collaborate through live streams, live trivia, and interactive community threads. A crowd favorite, Fiveable is currently focused on AP exam prep.
In addition to Singh, several investors provided valued feedback and connection including: Deborah Quazzo, GSV Ventures; Del Johnson, Indie.vc; Elizabeth Garlow, Lumina Impact Ventures; Anne Kennedy, Outlines Venture Group / Mastersfund; and Marissa Lowman, Village Capital.
View all founders, investor panelists, and speakers who participated in the Movement’s first-ever virtual experience at ChloeCapital.com/Virtual.
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Contact:
Kathryn Cartini
Chloe Capital
kathryn@chloecapital.com
(978) 225-3288
About ECMC Foundation___________
ECMC Foundation is a Los Angeles-based, nationally focused foundation whose mission is to inspire and facilitate improvements that affect educational outcomes—especially among underserved populations—through evidence-based innovation. It is one of several affiliates under the ECMC Group enterprise based in Minneapolis. ECMC Foundation makes investments in two focus areas: College Success and Career Readiness; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments, to invest in both nonprofit and for-profit ventures. Working with grantees, partners and peers, ECMC Foundation’s vision is for all learners to unlock their fullest potential. ECMCFoundation.org
About Chloe Capital_______________
In 2017, Chloe Capital set out to #InvestInWomen. Today, the New York-based VC firm is being recognized as a Movement that empowers 10,000 supporters, investors and women-led innovation companies. The firm partners with foundations, universities and corporations to host fundraising programs for women entrepreneurs in cities across the U.S. The Chloe Capital Fund makes investments in the most promising women-led companies in their network. ChloeCapital.com
In this edition of #InvestInWomen, raise a glass to the women Rising Up on May 19 for the Future of Work & Education pitch event. Geospiza co-founder and CEO Sarah Tuneburg tapped to lead Colorado’s Emergency Response Team. And how you can do well by doing good when you join Chloe Capital’s Movement >
Chloe Capital has partnered with ECMC Foundation to host a pitch event that helps combat the inequity in venture-capital funding of women-led businesses. A Niwot-based startup that helps to match personal attributes with careers will be among five women-led companies nationwide to compete for a quarter of a million dollars in investments.
Kathryn Cartini’s mission is helping other women achieve their dreams of entrepreneurship through her work with Chloe Capital, an investment firm that supports early stage women-owned businesses.
Throughout our lifetimes, we encounter countless people, organizations and ideas that impress and inspire us and may even serve to shape our perspectives. I have had the good fortune to enjoy the mentorship of the founders of a venture capital firm dedicated to the success of innovative women.
Chloe Capital and ECMC Foundation announce a virtual program for women driving workforce and education solutions; Up to $250,000 in funding announced on May 19, 6PM ET.
For Immediate Release
New York, NY (April 28, 2020 )— Chloe Capital, a venture capital firm that invests in women-led innovation companies, will launch a new virtual program for women entrepreneurs. The virtual program will run in partnership with ECMC Foundation, a nationally focused foundation that helps advance solutions in postsecondary education. This program marks the third collaboration between ECMC Foundation and Chloe Capital. Together, the organizations will deploy a total of $1.25 Million in funding to women leading the Future of Work & Education over six months.
This new virtual program will continue to focus on the next generation of workforce and edtech solutions, and all of the companies selected to participate in the program have diverse leadership teams. The program will run similar to other Chloe Capital signature programs, but will operate virtually, allowing for the founders, investors and speakers to participate without traveling to a physical location during the 24-hour program. Onsite participation was a former necessity as these engagements are part of Chloe Capital’s unique due diligence process, and a proven way to connect founders with more investors and resources, such as ECMC Foundation. Participants will now join the experience through a heavily digital experience to include a virtual dinner, workshop and pitch event. During these online events, founders will work together, connect one-on-one with dozens of investors and build new relationships with industry experts.
“This is an important opportunity for ECMC Foundation to continue investing in women-led innovation,” said Jessica Haselton, Director of Program-related Investments at ECMC Foundation. “With many venture capital funds and foundations winding down funding during this pandemic, we feel compelled to invest in the thought leaders and changemakers who are building the types of solutions we need most in education today.”
“Chloe Capital is proud to build on the successful programs we’ve created with ECMC Foundation, University of Denver, New York State’s Empire State Development and other foundations, institutions and corporations,” said Elisa Miller-Out, Co-founder and Managing Partner at Chloe Capital. “Women are natural innovators, and we’re seeing more female founders and supporters Rise Up during the uncertainty.”
The Future of Work & Education program co-hosted by ECMC Foundation and Chloe Capital will be held via Zoom in May 2020. Those who believe in our Movement to #InvestInWomen are invited to join us for a public pitch event on May 19 starting promptly at 6:00 p.m. ET.
RSVP here: InvestInWomen-CLT.eventbrite.com
Prior to the public pitch event, five founders will participate in a virtual dinner and workshop with dozens of investors including Elisabeth Garlow, Lumina Impact Ventures; Del Johnson, Backstage Capital, Anne Kennedy, Mastersfund; Marissa Lowman, Village Capital; Deborah Quazzo, GSV Ventures; and K. Paul Singh, Rezon8 Capital. Both founders and investors will also learn from productivity expert Mackenzie Sweeney and Diversity & Inclusion Specialist Mallory Whitfield, as well as Janna Westbrook, co-founder and CEO of Provider Pool.
“Janna received investments from both Chloe Capital and ECMC Foundation during our program in New Orleans,” said Kathryn Cartini, co-founder and Partner at Chloe Capital. “Provider Pool is a staffing platform that connects healthcare professionals to facilities. Janna is among the talented founders who are Rising Up during the pandemic to help on the front line of the crisis.”
Here are the female founders selected to participate in our first ever VIRTUAL experience :
CAROLYN BICKERS
Co-founder / Partnership Development
Beagle Learning
Boston, MA
BeagleLearning.com
Beagle Learning helps students succeed by combining inquiry-based learning and artificial intelligence into plug-and-play exercises that fit any classroom–boosting student performance +18% and engagement +50%.
JAMEE HERBERT
Co-founder / CEO
BridgeCare
San Francisco, CA
GetBridgeCare.com
BridgeCare works with employers and governments to help working parents find and afford quality childcare, including daycare, preschool, before and after school programs, and summer camps.
CLAUDIA RECCHI
Co-founder / CEO
EdSights
New York, NY
EdSights.io
EdSights uses conversational AI to solve the college dropout crisis. The bot (named after colleges’ mascots) helps support tens of thousands of students across 25+ college campuses every day.
AMANDA DoAMARAL
Founder / CEO
Fiveable
Milwaukee, WI
Fiveable.me
Fiveable is a social learning platform for students and teachers to collaborate through live streams, live trivia, and interactive community threads. It’s the go-to platform making remote learning fun and collaborative.
SHERI SMITH
Co-founder / CEO
Indigo Education Company
Boulder, CO
IndigoProject.org
Indigo is an AI-enabled platform that increases student success, retention, social emotional health and career readiness in higher education — providing 1:1 personalized guidance for both learners and educators.
Learn More: ChloeCapital.com
As part of our Movement to Invest in Women, Chloe Capital and ECMC Foundation will continue to drive business for these founders after the investments by tapping into our national networks of talent, investors and community leaders. Companies including HubSpot for Startups, Google for Startups, TriNet, and more are already paying it forward to support our female founders with free and discount professional services.
Please join our Movement to Invest In Women by helping to spread the word about this new virtual experience for women entrepreneurs.
RSVP here: InvestInWomen-CLT.eventbrite.com
Contact
Kathryn Cartini
Chloe Capital
kathryn@chloecapital.com
(978) 225-3288
About ECMC Foundation___________
ECMC Foundation is a Los Angeles-based, nationally focused foundation whose mission is to inspire and facilitate improvements that affect educational outcomes—especially among underserved populations—through evidence-based innovation. It is one of several affiliates under the ECMC Group enterprise based in Minneapolis. ECMC Foundation makes investments in two focus areas: College Success and Career Readiness; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments, to invest in both nonprofit and for-profit ventures. Working with grantees, partners and peers, ECMC Foundation’s vision is for all learners to unlock their fullest potential. ECMCFoundation.org
About Chloe Capital_______________
Chloe Capital is more than a VC firm – we’re a Movement. Despite recent progress, less than 5% of women-led companies receive venture capital in the U.S. Yet companies with women leaders statistically perform better and produce greater returns for investors. In partnership with foundations, universities and corporate innovators, Chloe Capital has set out on a national tour to #InvestInWomen. ChloeCapital.com
Elisa Miller-Out, Managing Partner of Women 2.0 had a conversation with Sarah Tuneburg, Co-founder and CEO of Geospiza, about Rising Up during COVID-19.
In this edition of #InvestInWomen, Chloe Capital portfolio company N.A.bd Nineteenth Amendment launch Give a Mask campaign to help with COVID-19 response. Fresh back from New Orleans and Los Angeles, Chloe Capital makes three new investments in women-led companies. And instead of canceling or event postponing, Chloe Capital and ECMC Foundation prepare to deploy more capital on May 19.